EUR News

The euro area current account surplus declined notably in July from a month ago, the European Central Bank reported Monday.

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U.K. financial institutions stand to lose their "passporting" rights, which allows them to operate free across Europe, if the country opts for a radical exit from the EU, European Central Bank policymaker and Bundesbank Chief Jens Weidmann said.

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Belgium's consumer confidence dropped sharply in September, mainly due to announcement of various corporate restructuring plans in industry and in the financial sector that are likely to cause lot of job losses, a survey by the National Bank of Belgium showed Tuesday.

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Eurozone consumer confidence edged up in September, reversing the decline in previous three months, preliminary figures from the European Commission showed Tuesday.

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Eurozone private sector grew at the slowest pace in 20 months in September as services activity expanded the least since the end of 2014, while manufacturing gained strength. The flash composite output index slid to 52.6 in September from 52.9 in August, data from Markit showed Friday.

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Eurozone is witnessing widespread feelings of insecurity, including economic insecurity, that remains a major concern and policymakers need to renew their efforts to boost growth in the euro area, European Central Bank President Mario Draghi said Monday.

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Low interest rates are necessary today for a return to higher rates in the future and other policy areas must contribute much more decisively to reap the full benefits of monetary policy, European Central Bank President Mario Draghi said Wednesday.

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German factory orders grew at the fastest pace in five months in August on robust domestic and Eurozone demand, official data showed Thursday. Factory orders climbed 1 percent in August from July, when they grew by a revised 0.3 percent, Destatis said. The figure for July was revised up from 0.2 percent.

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Stimulus measures adopted thus far has worked and the monetary policy transmission across the euro area has improved, yet policymakers stand ready to deploy all measures at their disposal to defend growth and bring inflation back to the 2 percent target, European Central Bank President Mario Draghi said Friday.

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Germany's investor sentiment climbed at a faster-than-expected pace in October to its highest level in four months, survey data from the Mannheim-based Centre for European Economic Research/ZEW showed Tuesday.

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